UPM limits spruce plywood production; 580 temporary layoffs

The forestry giant UPM is planning layoffs at Ristiina's Pellos plywood factory in Etelä Savo. The production of UPM's Pellos plywood mills will be adjusted, according to the company. According to UPM, the market situation for spruce plywood produced by the factory has weakened throughout Europe. The company is starting change negotiations at Pellos, where they are preparing to lay off staff for up to 90 days. There are 580 employees involved in the change negotiations. UPM Plywood's production director Juhani Tenhunen says that the cost-saving measures will last until March 2025. The company's ...